All About Buying a House in Germantown, TN

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Exploring Germantown, TN From North to South

Ready to lay down some roots and buy a house in Germantown? Smart move! You've chosen a lively city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers nationwide and know the Germantown housing market well.

Germantown is growing by the day, which means Germantown homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Germantown area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Germantown and the surrounding areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When buying a home in Germantown, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Exploring Germantown will also help you get a feel for how homes in east Germantown differ from west Germantown, where to find Germantown's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Germantown? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in Tennessee or elsewhere. We help new and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Germantown.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Germantown. Then, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Germantown will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, look at how much money you can put toward a down payment. Putting at least 20% down will increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Germantown, TN

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Germantown. Contact Mr. Cooper as you prepare to buy a house in Germantown. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

Germantown, TN Mr. Cooper Customer Reviews

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